The global microcatheters market is forecast to grow at a compound annual growth rate (CAGR) of more than 5% during the forecast period from 2021-2030.
Microcatheters are small catheters used for minimally invasive procedures. Flexible and inserted into the vessel or body cavity, they allow fluids or gases to drain with the help of surgical instruments. An artery or vein can be inserted with a microcatheter to measure blood pressure.
The finical wall often appears in micrographs. Catheters like these are ideal for exploring the vast network of modest veins found inside the body. Catheters of this size are perfect for navigating through the body's extensive network of veins. Medical devices and healthcare industries commonly utilize micro-catheters. A number of companies are designing and manufacturing advanced products to meet the demand in the global market by physicians and healthcare providers.
Factors Affecting
Impact Analysis of COVID-19
During the early stages of the COVID-19 outbreak, there were a number of complications from neurovascular and cardiovascular surgery. Surgical procedures decrease due to increasing risk of coronavirus infection among hospitalized patients, thereby increasing the risk of complications during surgery. While Coronavirus cases are declining in some countries, there is a resurgence in microcatheters. Furthermore, the business has been able to stay afloat by partnering with government agencies and government initiatives to make clinical emergency treatments available to patients with cardiac conditions.
Regional Analysis
The number of healthcare facilities in North America accounts for the region's largest market share. In addition, government initiatives to spread awareness of chronic complaints and the high prevalence of heart disease and stroke in North America also drive the market. Also contributing to the market growth is a growing need for minimally invasive treatments and the availability of technologically advanced products.
Due to the aging population, the prevalence of chronic illnesses, the large population base, better diagnostic excellence, and increasing patient affordability, Asia Pacific is forecast to grow at the fastest CAGR.
Leading Competitors
The leading prominent competitors in the global microcatheters market are:
Scope of the Report
The global microcatheters market segmentation includes Type, Design, Application, End-User, and Region.
Segmentation based on Type
Segmentation based on Application
Segmentation based on End-User
Segmentation based on Region